ALLCOM CREDIT UNION

EIN: 041163260 Public & Societal Benefit

WORCESTER, MA

Total Revenue
$3,691,561
Total Expenses
$3,195,774
Total Assets
$78,978,570
Net Assets
$12,109,627
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1922
Legal Domicile
MA
Principal Officer
LAURA C YBARRA
Phone
5087549980
Tax Period
2024-01-01 to 2024-12-31

ALLCOM CREDIT UNION, founded in 1922, is a community nonprofit in the Public & Societal Benefit sector that reported $3.7M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $3.2M left a modest 13% surplus.

Mission

THE CREDIT UNION ACCEPTS DEPOSITS AND GRANTS LOANS TO ITS MEMBERS. BENEFITS PAID ARE DIVIDENDS ON DEPOSIT ACCOUNTS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,127,799
Investment Income $1,118,628
Other Revenue $445,134
TOTAL REVENUE $3,691,561

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,216,468
Fundraising Expenses $0
Program Expenses $1,911,999
Other Expenses $1,254,791
TOTAL EXPENSES $3,195,774

Year-over-Year Comparison

2024 2023 Change
Revenue $3,691,561 $3,270,336 +0.1%
Expenses $3,195,774 $2,685,476 +0.2%
Net Income $495,787 $584,860 -0.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
11
Independent Members
10
Employees
22
Volunteers
N/A

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$255,645
Total Directors
10
$3,500
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN J NAUGHTON CHAIRMAN OF THE BOARD 2.00
Officer Director
$2,000 $0 $2,000
JAMES A CIULLO CLERK & DIRECTOR 1.00
Officer Director
$0 $0 $0
DENNIS F GRIMALDI DIRECTOR 1.00
Director
$0 $0 $0
SCOTT MORRISON TREASURER & DIRECTOR 2.00
Officer Director
$1,500 $0 $1,500
SEAN M HUNTER VICE CHAIRMAN OF THE BOARD 1.00
Officer Director
$0 $0 $0
KEVIN MAGUIRE JR DIRECTOR 1.00
Director
$0 $0 $0
RYAN MARSHALL DIRECTOR 1.00
Director
$0 $0 $0
HUNG PHAM DIRECTOR 1.00
Director
$0 $0 $0
JENNIFER ROCHE DIRECTOR 1.00
Director
$0 $0 $0
KAREN MIRABILE DIRECTOR 1.00
Director
$0 $0 $0
LAURA YBARRA PRES., CEO & DIRECTOR 40.00
Officer
$210,307 $41,838 $252,145
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $3,691,561 $3,195,774 $78,978,570 $495,787
2023 $3,270,336 $2,685,476 $78,702,922 $584,860
2022 $2,581,253 $2,267,125 $79,689,682 $314,128
2021 $2,507,400 $2,399,685 $80,578,432 $107,715
2020 $2,605,109 $2,504,435 $75,546,777 $100,674
2019 $2,732,277 $2,478,191 $66,975,105 $254,086
2018 $2,586,783 $2,183,694 $66,251,837 $403,089
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